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Querist : Anonymous

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Querist : Anonymous (Querist)
18 October 2013 Dear Sir/Madam,

my building is gone for redevelopment,
hence builder is giving us rent of INR 15000/- p.m. and i m paying rent where i presently stay is INR 10000/-

so kindly advise taxability of the above transaction


18 October 2013 Hi

Whole rent received is taxable income.

You can get HRA benfit for rent paid u/s 10(13) if yo are salaried employee or u/s 80GG if non salaried.

Thanks//VaibhavJ



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